The Wild $50M Ride of the Flash Crash Trader

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Published 2020-11-24
In May, 2010, from his bedroom in London, Navinder Sarao, helped cause panic in U.S. markets. Bloomberg’s Liam Vaughan tells the story of The Flash Crash Trader, also known as The Hound of Hounslow.

www.bloomberg.com/news/features/2017-02-10/how-the…

#BWStorylines #Businessweek #BloombergQuicktake
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All Comments (21)
  • @business
    :_rocketship: :_brain: :_stonks: We have some exciting news! We’re launching channel Memberships for just $0.99 a month. You’ll get access to members-only posts and videos, live Q&As with Bloomberg reporters, business trivia, badges, emojis and more. Join us: youtube.com/bloomberg/join
  • No doubt, having the right plan is invaluable, I'm diversifying my 200K stock portfolio into tech stocks and renewable energy. They seem promising but i'm not so sure about the best strategies to secure our future
  • @dennym6270
    If you’re out there somewhere Nav, you’re an absolute superstar and I really hope you did manage to keep some of the money somewhere.
  • @dylanmoris6211
    The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
  • @henreator
    Moral of the story: it is a crime to profit from the rich
  • @goma3
    so let me get this straight: 1) Market makers create a highly manipulative market where they set all the rules 2) Someone shows up playing by their rules and beats them 3) He goes to jail for doing something most trader firms do everyday before lunch 4) Makes sense
  • @chizzlemo3094
    The Flash Crash happened ONE MINUTE AFTER he turns his computer off and goes for dinner. He was a scapegoat, poor guy
  • @Casey-summer
    The most significant lesson I gained from the stock market in 2023 is that uncertainty prevails, emphasizing the importance of humility. Adhering to a long-term strategy with a competitive edge is key.
  • @iamdmc
    Guy beats banks at their own game... ... must be illegal
  • @PK-rf4hq
    The fact that the crash was blamed on one guy trading out of his parents house when hedge funds and HFT manipulate the market with $ billions daily, is an absolute joke.
  • My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.
  • Too many inconsistencies in the story. He didn’t go down because of what he was accused of, he went down because of how much of a threat to the HFs he was.
  • @Nimitz_oceo
    Let all give Nav a round of applause. The MAN IS A LEGEND
  • @ArcWelder588
    Meanwhile not a single person was arrested during 2008 housing bubble
  • @Mayor1248
    You are absolutely right I keep loosing in real trade but win in Demo. Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?
  • @Patriciacraig599
    Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
  • @jonwarner1977
    He was convicted for beating the Investment Bankers at their own game. That's hilarious!!!
  • @AaronBruder
    Moral of the story, if you are rich and manipulate lower class traders, you are a successful institutional investor. If you manipulate rich institutional investors in their own game you are a felony criminal facing 300+ years in jail.
  • @kanuegwu
    During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?